In plain words
It takes the shape of anarchy. Love of God and fear of sin are our eyes. Without these two eyes we become blind. We become ignorant. However much learning a man may have studied, he takes shape as nothing but a fool.
A person who makes his life shine with sacred qualities and spends his time in a way that helps others is nowhere to be seen. You must become students who flourish with these qualities: conduct true to Satya, Śānti and Dharma. We must not simply follow foreign cultures, or the imitation of foreign ways, in the least.
When we have the gold called the śāstra of Bharata, why devotion to the śāstras of others? When the kalpavṛkṣa that gives whatever fruit is wished for stands here, why fondness for a backyard flower? When Kāmadhenu herself, who gives milk for the asking, has come, why pay money and buy a cow? When Mount Meru stands here in blazing splendour, why go searching for silver and gold? When I, the Paramātma who give Bhakti, bhukti and Mukti, am here, why long for all the worthless studies?
The śāstras of the people of Bhārata are supremely sacred. They are divine. They are serene. When we have gold as precious as this, why should we long for what belongs to others? The essence that lies in studies is humility and obedience. If there is no humility in a student, he is no student at all. He turns into nothing but a fool. So all our students must become ideal students who live a life of Ānanda and, with happiness and peace, bring happiness and peace to others.
Students! We have said that discipline is the chief thing in our institutions of learning. This discipline is not merely for as long as one studies in the institution. Wherever you go, discipline must follow you about, just as your shadow follows you. Without this discipline man turns into a beast. He must turn into Paśupati, not into a beast.